NexGel, Inc. (NASDAQ:NXGL) Sees Significant Growth in Short Interest

NexGel, Inc. (NASDAQ:NXGL) saw a significant increase in short interest during the month of February. As of February 13th, there was short interest totaling 2,393 shares, an increase of 104.0% from the January 29th total of 1,173 shares. Based on an average daily trading volume, of 52,756 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company’s stock are short sold. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 52,756 shares, the days-to-cover ratio is presently 0.0 days.

Hedge Funds Weigh In On NexGel

A number of institutional investors have recently bought and sold shares of NXGL. Dimensional Fund Advisors LP purchased a new stake in shares of NexGel in the 3rd quarter valued at $26,000. Malaga Cove Capital LLC acquired a new position in NexGel during the second quarter valued at $27,000. Jane Street Group LLC purchased a new stake in NexGel in the fourth quarter valued at $47,000. Board of Trustees of The Leland Stanford Junior University purchased a new stake in NexGel in the fourth quarter valued at $52,000. Finally, Flaharty Asset Management LLC acquired a new stake in NexGel during the 3rd quarter worth about $59,000. 2.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of NexGel in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

NexGel Stock Performance

Shares of NXGL stock traded down $0.05 during mid-day trading on Friday, reaching $1.15. The stock had a trading volume of 21,413 shares, compared to its average volume of 42,304. NexGel has a 1-year low of $1.11 and a 1-year high of $3.25. The firm has a market cap of $9.36 million, a price-to-earnings ratio of -3.11 and a beta of 0.59. The company has a current ratio of 1.69, a quick ratio of 1.08 and a debt-to-equity ratio of 0.14. The business’s fifty day moving average is $1.47 and its 200-day moving average is $1.96.

NexGel Company Profile

NexGel, Inc (NASDAQ: NXGL) is a development-stage materials science company focused on the research and commercialization of advanced polymer formulations tailored for additive manufacturing and 3D printing applications. Leveraging proprietary expertise in polymer chemistry, NexGel develops high-performance materials designed to meet rigorous mechanical, thermal, and chemical resistance requirements across diverse end markets.

The company’s product pipeline includes custom-engineered resins, powders and elastomeric systems optimized for a range of additive manufacturing processes, including selective laser sintering (SLS), stereolithography (SLA) and fused deposition modeling (FDM).